Question:
Some feel that Sarbanes-Oxley Act was necessary to ensure public companies are following the appropriate internal control procedures, after the downfall of companies like Enron and Worldcom. While others feel that all of the extra rules have made the internal controls less effective because it is difficult to ensure all of the steps are done properly when the focus has shifted to making sure all of the steps are completed.
Which group would you tend to agree with? Explain.